What is a Building Society? What’s the difference between a building society and a bank? Do you provide services to the general public? Do you provide services to clients outside of New Zealand?

What’s the difference between a building society and a bank?

A building society may not call itself a bank and is subject to less stringent regulation than a bank.

Kiwi Deposit Building Society is a New Zealand non-bank financial institution incorporated under the Building Societies Act 1965. We are not a registered New Zealand bank. When issuing securities, Kiwi Deposit Building Society limits its offers to professional investors and other persons specified by section 3(2)(a) of the Securities Act 1978.